Saudi Aramco's worth may be just $1.1 trillion

Wednesday, April 5, 2017, 2:52 PM

Saudi-Arabia's national oil company may be worth half the $2 trillion (£1.61 trillion) valuation suggested by the country's officials, according to a report by the Financial Times. The Kingdom is due to list shares in Saudi-Aramco in both Riyadh and at least one other foreign stock exchange by 2018, selling up to 5% of what will likely become the world's biggest company by market-capitalisation.